Considering a new cryptocurrency. When Kathryn Haun, the Justice Department’s one-time go-to prosecutor for Bitcoin related-felonies, joined VC firm Andreessen Horowitz to lead its cryptocurrency fund, Fortune‘s Robert Hackett deemed the move a “watershed moment,” with Haun’s legal chops lending legitimacy to the nascent space.

At Fortune‘s inaugural Brainstorm Finance summit in Montauk, N.Y.—featuring established Wall Street giants and up-and-coming fintech, blockchain, and venture finance firms—Haun weighed in on another milestone for the crypto industry: Facebook’s new digital currency called Libra, which was formally announced on Tuesday.

If the wildly ambitious project progresses as intended, users will be able to shop with the currency and send it on apps in the Facebook ecosystem, and use it with other merchants like Uber, Spotify, and MasterCard. While the…

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Source: https://fortune.com/2019/06/20/a-bitcoin-prosecutor-turned-crypto-vc-on-facebooks-libra-the-broadsheet/